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16 Things You Need to Know This Morning

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16 Things You Need to Know This Morning
The Parks At Walter Reed Team Lands
Acquisition And Development Loan
EagleBank has provided an acquisition and development loan to the Hines/Urban Atlantic/Triden Development Group partnership which, under a ground lease with the District, will serve as master developer to redevelop 66 acres of the former Walter Reed Army Medical Center campus. The Parks at Walter Reed will total more than 3.1M SF of new and historic space, including up to 250k SF of retail with a grocery anchor, 2,100 residential units, and 185k SF of office, to be phased over a 10 to 15-year period. Development team members Weingarten Realty Trust and Toll Brothers will develop the retail and townhomes at the project, respectively.

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